Nokia Ties Terms of New €1.5 Billion Debt to Performance Towards Value Chain Emissions Goals

Nokia Ties Terms of New €1.5 Billion Debt to Performance Towards Value Chain Emissions Goals

Telecommunications and networking technology company Nokia announced that it has signed a new €1.5 billion multicurrency revolving credit facility, with pricing on the new debt tied to its performance towards its Scope 1, 2 and 3 greenhouse gas emissions goals. The new credit facility marks the latest in a series of sustainability-linked financing instruments for […]

Nokia signs €1.5B green loan tied to climate goals

Nokia has signed a new €1.5 billion five-year revolving credit facility (RCF) linked to its climate targets, replacing the €1.4 billion agreement from 2019. This deal includes a mechanism where the interest rate Nokia pays will go up or down depending on its progress in reducing greenhouse gas emissions (Scopes 1, 2, and 3). While […] The post Nokia signs €1.5B green loan tied to climate goals first appeared on Nokiamob.